Gulf Ventures Intention to Make a Tender Offer to acquire remaining 58.87% stake in Thaicom Public Company Limited (SET:THCOM) for THB 6.4 billion on December 29, 2022. Under the terms of transaction, Gulf Ventures will acquire remaining 645.2 million shares of Thaicom at THB 9.9 per share. Gulf Ventures is a subsidiary of Gulf Energy Development Public Company Limited (SET:GULF) and currently holds 450.87 million shares in Thaicom.

Express date for the official submission of the tender offer is January 5, 2023. Bualuang Securities Public Company Limited act as tender offeror preparer in Transaction..